The stock market will have a tough time tomorrow. Apple falls 5% after report
iPhone and iPad sales were worse than expected. The company earned $42.63 billion on iPhones versus expectations of $42.67 billion; $7.17 billion on iPads versus $7.81 billion.
Forecasts are mixed. Apple expects global revenue in Q4 to reach $70.96 billion against estimates of $69.04 billion. But in China, the forecast is worse than analysts' opinion: $15.47 billion versus $15.65 billion.
UPD: Apple stock is rebounding from the drop and is now trading at $143 apiece.